PUBLISHER: The Business Research Company | PRODUCT CODE: 2045275
PUBLISHER: The Business Research Company | PRODUCT CODE: 2045275
A continuous casting machine is an industrial device utilized to solidify molten metal into semi-finished shapes. It functions by continuously pouring molten metal into a water-cooled mold, allowing it to solidify as it progresses through the machine. It improves production efficiency, enhances metal quality, and reduces the need for additional shaping processes.
The primary types of continuous casting machines include billet casting, bloom casting, slab casting, beam blank casting, and other types. Billet casting machines are specialized equipment designed to continuously cast molten metal into uniform shapes with precise dimensions and high surface quality, thereby improving efficiency in metal production. These machines operate through different casting processes, including vertical and horizontal methods, and are available in multiple capacities such as small, medium, and large. Their applications span materials including steel, copper, aluminum, and others, and they are used by end users such as the metallurgical industry, foundries, and others.
Tariffs on imported steelmaking equipment, refractory materials, and precision mechanical components are impacting the continuous casting machine market by increasing capital expenditure for manufacturers and steel producers. This is especially affecting slab casting and billet casting segments that rely on high-precision imported machinery. Regions such as Asia-Pacific and Europe, which are major steel production hubs and depend on global equipment suppliers, are most impacted. However, tariffs are also encouraging domestic machinery manufacturing, localization of supply chains, and innovation in cost-efficient casting technologies, improving long-term industrial resilience.
The continuous casting machine market research report is one of a series of new reports from The Business Research Company that provides continuous casting machine market statistics, including continuous casting machine industry global market size, regional shares, competitors with a continuous casting machine market share, detailed continuous casting machine market segments, market trends and opportunities, and any further data you may need to thrive in the continuous casting machine industry. This continuous casting machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The continuous casting machine market size has grown strongly in recent years. It will grow from $4.32 billion in 2025 to $4.6 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing global steel demand, expansion of metallurgical industries, adoption of basic continuous casting systems, growth of infrastructure development projects, rising industrialization in emerging economies.
The continuous casting machine market size is expected to see strong growth in the next few years. It will grow to $5.95 billion by 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to growing demand for high-quality steel products, increasing automation in metal manufacturing, expansion of smart steel plants, rising focus on production efficiency and yield optimization, adoption of AI-assisted process control in metallurgy. Major trends in the forecast period include increasing adoption of automated mold level control systems in continuous casting, rising integration of real-time process monitoring in steel production, growing demand for energy-efficient casting machines, expansion of thin slab casting for cost-efficient steel production, rising use of predictive maintenance in metallurgical equipment.
The rising steel production is anticipated to propel the growth of the continuous casting machine market going forward. Steel production refers to the process of producing steel from raw materials such as iron ore, scrap, and various additives through melting, refining, and casting to generate usable steel products. Steel production is expanding due to accelerating industrialization and large-scale infrastructure development across major economies, which require higher steel output to support construction, manufacturing, and transportation activities. Continuous casting machine supports steel production by efficiently converting molten steel into semi-finished forms with high precision, reducing production time, minimizing material wastage, and ensuring consistent quality for downstream manufacturing processes. For instance, in January 2025, according to the World Steel Association, a Belgium-based non-profit organization, world crude steel production from 71 countries reached 144.5 million tonnes (Mt) in December 2024, representing a 5.6% increase compared to December 2023. Therefore, the rising steel production is driving the growth of the continuous casting machine market.
Leading companies operating in the continuous casting machine market are focusing on developing innovative products, such as robotic automation systems, to enhance safety, improve efficiency, and ensure consistent product quality. Robotic automation systems are mechanized and programmable machines designed to perform repetitive, precise, or hazardous tasks in industrial processes, helping improve operational efficiency, ensure consistent product quality, reduce human error, minimize material wastage, and enhance worker safety in high-risk environments. For example, in October 2025, RHI Magnesita Aktiengesellschaft, an Austria-based industrial refractory solutions company, launched a robotic caster system at JSW Vijayanagar, a leading steel manufacturing facility. This system features automated pouring, slag handling, and mold cleaning functions, enhancing casting precision and operational safety while increasing throughput. Its composition includes high-grade refractory materials and advanced robotics, ensuring durability under extreme temperatures and consistent performance. The technology allows for reduced labor dependency, improved product quality, and optimized energy consumption, making it suitable for large-scale steel production facilities seeking modernization and efficiency gains.
In February 2026, Huttenwerke Krupp Mannesmann (HKM), a Germany-based manufacturing company, partnered with Primetals Technologies to deploy its Mold Expert Fiber system at the Duisburg plant. Through this partnership, HKM aims to improve continuous casting operations by leveraging advanced mold monitoring technology to gain real-time insights into meniscus shape, mold powder behavior, and taper accuracy, while enhancing early detection of critical events and supporting the development of advanced intermediate steel grades. Primetals Technologies Limited is a UK-based manufacturing company specializing in continuous casting machines.
Major companies operating in the continuous casting machine market are Nippon Steel Engineering Co. Ltd., IHI Corporation, Southwire Company LLC, Danieli & C. Officine Meccaniche S.p.A., Sinosteel Engineering & Technology Co. Ltd., SMS group GmbH, Tenova S.p.A., Primetals Technologies Limited, Inductotherm Group Inc., Sarralle Group, JP Steel Plantech Co. Ltd., Retech Systems LLC, Electrotherm (India) Limited, SAMA S.r.l., Properzi International Inc., Continuus-Properzi S.p.A., STS S.r.l., ABAX SARL, Hazelett Corporation, Shanghai Metallurgical Equipment Group Co. Ltd.
Asia-Pacific was the largest region in the continuous casting machine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the continuous casting machine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the continuous casting machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The continuous casting machine market consists of sales of thin slab casters, curved mold continuous casting machines, twin-roll casters, compact strip production (CSP) casting machines, and vertical continuous casting systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Continuous Casting Machine Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses continuous casting machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for continuous casting machine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The continuous casting machine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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